Under the radar/Cache

@Jim: seeking legal advice… actually I do have a pro bono attorney that gives me some advice from time to time. I also have another local RE attorney guy that used to help me but he is kind of flaky/busy lately. But really, in this case there is nothing I can really do to stop foreclosure, legal advice or not.

Maybe I SHOULD look into Pre-paid legal. I’ve heard about it many times. I wonder how quality it is. But watch this, say I signup for it then all the haters will give me flack over joining an MLM. (I probably shouldn’t care too much about what the haters think, they are going to hate no matter what I do).

@Jimmy C / Bob C: paying back every penny… yes I did say I want to repay all that debt without BK or short sale. However that was a few months ago. Going through this experience has definitely made me more aware of the reality of my situation.

I can wish for idealistic things like repaying all my debt and stuff like that but in reality it’s going to be a very hard thing to accomplish unless I find a way to refinance it.

And getting 5 more night jobs and working 24hr/day is not the answer. No job is going to pay me enough to float my thousands dollars of minimum payments and tens of thousands to catchup all the past due balances. Look at my balance sheet a few posts back and YOU tell me how I can float those payments.

If I don’t catch them up sooner or later the debt will get sold to collectors and/or they will try to collect in court. At that point I may have to seek bankruptcy protection or go under the radar somehow. There is a small chance I can work out some kind of a forbearance agreement and get my payments lowered.

I have like 23 accounts between my w*** and I. That’s alot of forbearance agreements to negotiate. And usually the forbearance/repayment plans have a higher payment per month because they want you to pay minimum plus a small portion of the past due balance until I get caught up.

Unless I can talk every one of those account into giving me a super low interest rate I’m not going to be able to float several thousand dollars of payment every month PLUS a forbearance payment.

No, I’m not lying about my desire to repay all the money. However, desires/wishes and reality are not always the same thing I’m finding out.

I can’t keep living fantasy world, I must learn to be more realistic so that’s why I am changing some of my attitudes that you may have seen earlier on this blog.